Zacks: Brokerages Expect Oshkosh Corporation (OSK) Will Post Earnings of $0.53 Per Share

Wall Street analysts forecast that Oshkosh Corporation (NYSE:OSK) will post earnings of $0.53 per share for the current quarter, Zacks reports. Eight analysts have provided estimates for Oshkosh Corporation’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.37. Oshkosh Corporation reported earnings of $0.26 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 103.8%. The company is scheduled to issue its next earnings results on Thursday, January 25th.

On average, analysts expect that Oshkosh Corporation will report full-year earnings of $4.51 per share for the current fiscal year, with EPS estimates ranging from $4.25 to $4.64. For the next financial year, analysts forecast that the business will report earnings of $5.18 per share, with EPS estimates ranging from $4.89 to $5.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Oshkosh Corporation.

Oshkosh Corporation (NYSE:OSK) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.36. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.90 billion. Oshkosh Corporation had a return on equity of 15.14% and a net margin of 4.18%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the company posted $1.05 EPS.

A number of equities research analysts have recently commented on the company. Citigroup Inc. increased their price objective on Oshkosh Corporation from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, October 13th. ValuEngine upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. KeyCorp reiterated a “buy” rating and set a $85.00 price objective on shares of Oshkosh Corporation in a research report on Sunday, September 17th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $90.00 price objective on shares of Oshkosh Corporation in a research report on Friday, October 27th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $86.00 price objective (up previously from $80.00) on shares of Oshkosh Corporation in a research report on Monday, October 9th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $92.85.

In related news, VP R Scott Grennier sold 3,369 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $85.79, for a total transaction of $289,026.51. Following the completion of the sale, the vice president now directly owns 7,574 shares in the company, valued at $649,773.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Bradley M. Nelson sold 7,500 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.86, for a total value of $628,950.00. Following the sale, the senior vice president now owns 18,908 shares of the company’s stock, valued at $1,585,624.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,128 shares of company stock valued at $1,732,248. 2.00% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Raymond James Trust N.A. increased its position in Oshkosh Corporation by 0.9% during the second quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock worth $210,000 after buying an additional 28 shares during the last quarter. Hanseatic Management Services Inc. increased its position in Oshkosh Corporation by 0.3% during the second quarter. Hanseatic Management Services Inc. now owns 15,738 shares of the company’s stock worth $1,084,000 after buying an additional 41 shares during the last quarter. M&T Bank Corp increased its position in Oshkosh Corporation by 1.2% during the second quarter. M&T Bank Corp now owns 5,135 shares of the company’s stock worth $353,000 after buying an additional 61 shares during the last quarter. Advisors Asset Management Inc. increased its position in Oshkosh Corporation by 3.5% during the second quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock worth $140,000 after buying an additional 68 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC increased its position in Oshkosh Corporation by 4.7% during the second quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock worth $155,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 94.41% of the company’s stock.

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Shares of Oshkosh Corporation (NYSE:OSK) traded up $0.54 during midday trading on Monday, reaching $84.60. The company’s stock had a trading volume of 565,982 shares, compared to its average volume of 686,241. The company has a current ratio of 1.81, a quick ratio of 1.09 and a debt-to-equity ratio of 0.35. The company has a market cap of $6,421.12, a price-to-earnings ratio of 20.24, a P/E/G ratio of 1.15 and a beta of 1.87. Oshkosh Corporation has a 52-week low of $61.74 and a 52-week high of $94.16.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.13%. This is a positive change from Oshkosh Corporation’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, November 15th. Oshkosh Corporation’s dividend payout ratio (DPR) is currently 22.34%.

Oshkosh Corporation Company Profile

Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.

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Earnings History and Estimates for Oshkosh Corporation (NYSE:OSK)

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